The European Commission favours a Nordic-style power market with regional virtual trading hubs for all of the EU, according to an unofficial draft of its reform proposals expected next Thursday.
read more... 10/03/2023
The Polish parliament will decide on Thursday whether to adopt some of Europe’s strictest rules on developing wind farms amid expectations of backtracking on a proposal that had aimed to double existing capacity.
read more... 10/03/2023
On Wednesday, although the U.S. Energy Information Agency's (EIA) announced a decline in U.S. commercial crude oil reserves in the week ending March 3, after ten consecutive weeks of increases, oil prices lost ground as concerns grew stronger over the impact of a U.S rate hike. Brent crude edged 0.8% lower, to settle at $82.66 a barrel.
read more... 09/03/2023
The European Commission does not plan to make revenue caps on low-cost power generators a permanent feature, according to an unofficial draft of its power market reform proposals expected next Thursday.
read more... 09/03/2023
Germany will cancel a “residual” sum of carbon allowances – that one analyst put below 14m tonnes – associated with power plant closures in 2021 under the country’s coal phase-out, the energy ministry has told Montel.
read more... 09/03/2023